No matter what your reason is, having an investor buy your house can be a great option for some. Here’s how to navigate the process. 

No matter what your reason is, having an investor buy your house can be a great option for some. Here’s how to navigate the process. 

Save yourself the time and energy and make the process easy for yourself - let the investors do the hard work for you.

An easy way to accomplish this is to do any of the following:

Just know that if your house needs work and hasn't been updated in awhile then sites like Zillow and Trulia don't know this. Many times their estimates are based on an assumption that your house is market-ready.

And for tax values, this is just another data point but is not always accurate either.

Also make sure that any home buying companies you connect with have an actual office address, and preferrably are local to the Charlotte area.  It's easy to get scammed by "fly by night" investors that operate out of their house and don't ever intend on closing but simply want to sell your contract to someone else who has the capital to buy it.  Local home buyers know the market better and tend to be more invested in the community, which can translate into a better price and smoother closing process.

While expiration of offers can be common to avoid the seller shopping the offer around, you shouldn't be feeling too much pressure to accept an offer from an investment company.  If you are then talk to other companies that allow you to make this big decision on your own terms.  

Here at QC Home Buyers we don't believe in pressure sales tactics. We're not going to live in the property after we buy it from you and therefore are not in any rush at all.  We respect your need for time to make the right decision. Sometimes the offer price can change if we buy other homes in the meantime and the amount of cash available to buy your house decreases, but we will always be transparent with this process and let you know exactly where we stand.

After the investor knows how much they can sell your house for retail once it’s picture-perfect, they’ll want to know how much they’ll have to spend on repairs and upgrades. Again, you should have a general idea of this number thanks to your prep-work. The investor will inspect your home during this step and decide on what the estimated repair costs are. Often the investor themselves or their contractor will do this work. It can help if you have a licensed inspector come through before to have a more accurate number to argue when negotiations happen at the end. 

At QC Home Buyers, we are a licensed General Contractor and have the construction estimating expertise in-house.  Not only does this speed up the offer process for you as the seller, we also will not charge for a GC fee in your offer since we do not have to pay that GC fee. 

Next, the investor will find the final cost and come up with the offer they are willing to give you. They’ll do this by first multiplying the ARV by 70%. This is how house flippers calculate costs to make sure they earn a profit in the end. Investors are looking for 30% of the ARV to go towards holding costs, transaction costs, and commissions. The remainder of that 30% is their profit. After they multiply the ARV, the investor will then subtract the estimated cost of repairs. This will give them their final number and offer. It’s best that you calculate this cost as well or ask the investor to lay out the math they did so you can see how they reached that final offer.

This is not always the case, as some investors will rent your property instead of selling it to an end-buyer after repairs are done. It's also not always the case that 30% of the ARV minus repair costs is needed, and this depends on the real estate market cycle and many other factors.

Lastly, it’s time to agree on an offer. Know that you can negotiate this step. Especially if you have legit numbers ready. Don’t expect the offer to be the highest gross sales price because it will be far from that, but you also need to make sure you're making an apples to apples comparison to your other options. 

Selling your home to an investor means that you won’t have to go through the effort of cleaning up, repairing, and waiting to sell your house. You also won't need to stress about showings, financing delays, inspection contingencies, concessions or commissions and fees.  It’s a great, fast process. However, the investor is in the business of making money just like any other small business, and at the end of the day their buy price will have to be a number that yields a profit commensurate with the risk they are taking.

Are you thinking of selling your house in Charlotte? Now is a great time to get your free, no-obligation cash offer from QC Home Buyers and take advantage of our $1,000 Highest Offer Guarantee!

Save yourself the time and energy and make the process easy for yourself - let the investors do the hard work for you.

An easy way to accomplish this is to do any of the following:

Just know that if your house needs work and hasn't been updated in awhile then sites like Zillow and Trulia don't know this. Many times their estimates are based on an assumption that your house is market-ready.

And for tax values, this is just another data point but is not always accurate either.

Also make sure that any home buying companies you connect with have an actual office address, and preferrably are local to the Charlotte area.  It's easy to get scammed by "fly by night" investors that operate out of their house and don't ever intend on closing but simply want to sell your contract to someone else who has the capital to buy it.  Local home buyers know the market better and tend to be more invested in the community, which can translate into a better price and smoother closing process.

While expiration of offers can be common to avoid the seller shopping the offer around, you shouldn't be feeling too much pressure to accept an offer from an investment company.  If you are then talk to other companies that allow you to make this big decision on your own terms.  

Here at QC Home Buyers we don't believe in pressure sales tactics. We're not going to live in the property after we buy it from you and therefore are not in any rush at all.  We respect your need for time to make the right decision. Sometimes the offer price can change if we buy other homes in the meantime and the amount of cash available to buy your house decreases, but we will always be transparent with this process and let you know exactly where we stand.

After the investor knows how much they can sell your house for retail once it’s picture-perfect, they’ll want to know how much they’ll have to spend on repairs and upgrades. Again, you should have a general idea of this number thanks to your prep-work. The investor will inspect your home during this step and decide on what the estimated repair costs are. Often the investor themselves or their contractor will do this work. It can help if you have a licensed inspector come through before to have a more accurate number to argue when negotiations happen at the end. 

At QC Home Buyers, we are a licensed General Contractor and have the construction estimating expertise in-house.  Not only does this speed up the offer process for you as the seller, we also will not charge for a GC fee in your offer since we do not have to pay that GC fee. 

Are you thinking of selling your house in Charlotte? 

  Now is a great time to get your free, no-obligation cash offer from QC Home Buyers and take advantage of our $1,000 Highest Offer Guarantee!